Turtle Creek Wealth Advisors LLC Has $6.34 Million Position in Amphenol Co. (NYSE:APH)

Turtle Creek Wealth Advisors LLC increased its position in shares of Amphenol Co. (NYSE:APH) by 1.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 91,347 shares of the electronics maker’s stock after purchasing an additional 1,681 shares during the period. Amphenol makes up about 1.5% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 19th biggest holding. Turtle Creek Wealth Advisors LLC’s holdings in Amphenol were worth $6,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC boosted its holdings in shares of Amphenol by 352.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 434 shares of the electronics maker’s stock valued at $28,000 after purchasing an additional 338 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in shares of Amphenol by 50.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 498 shares of the electronics maker’s stock worth $32,000 after buying an additional 166 shares during the last quarter. Continuum Advisory LLC boosted its stake in Amphenol by 89.3% in the third quarter. Continuum Advisory LLC now owns 496 shares of the electronics maker’s stock valued at $32,000 after buying an additional 234 shares in the last quarter. Hanson & Doremus Investment Management bought a new position in Amphenol in the fourth quarter valued at about $32,000. Finally, Sunbelt Securities Inc. raised its stake in Amphenol by 100.3% during the second quarter. Sunbelt Securities Inc. now owns 647 shares of the electronics maker’s stock worth $44,000 after acquiring an additional 324 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amphenol news, VP David M. Silverman sold 180,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $71.81, for a total transaction of $12,925,800.00. Following the completion of the sale, the vice president now directly owns 14,000 shares of the company’s stock, valued at approximately $1,005,340. The trade was a 92.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter Straub sold 132,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $74.12, for a total value of $9,783,840.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 612,000 shares of company stock valued at $44,177,640. 1.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APH has been the topic of a number of research analyst reports. Citigroup raised their price target on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group raised their target price on shares of Amphenol from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. TD Cowen boosted their price objective on Amphenol from $60.00 to $63.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amphenol presently has an average rating of “Moderate Buy” and a consensus target price of $80.68.

Amphenol Price Performance

Amphenol stock opened at $71.69 on Friday. The firm has a market cap of $86.43 billion, a P/E ratio of 37.43, a P/E/G ratio of 2.13 and a beta of 1.24. Amphenol Co. has a one year low of $50.48 and a one year high of $79.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The stock’s 50 day moving average is $71.96 and its 200 day moving average is $67.99.

Amphenol (NYSE:APH) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The firm’s revenue was up 29.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. As a group, research analysts expect that Amphenol Co. will post 2.25 EPS for the current year.

Amphenol Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 0.92%. Amphenol’s dividend payout ratio is presently 34.46%.

Amphenol Company Profile

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.